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40% of Older Workers and Their Spouses Will Experience Downward Mobility in Retirement

Teresa Ghilarducci, Michael Papadopoulos and Anthony Webb ()

No 2018-02, SCEPA policy note series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School

Abstract: Inadequate retirement accounts will cause 8.5 million middle-class older workers and their spouses – people who earn over twice the official poverty line of $23,340 (if single) or $31,260 (if coupled) – to be downwardly mobile, falling into poverty or near poverty in their old age.

Keywords: Retirement; Old age poverty; Older workers; Poverty (search for similar items in EconPapers)
JEL-codes: D63 E21 H55 I30 J26 J32 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2018-01
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